From Scandasia.com: The €230 billion (£195 billion) Norwegian Government Pension Fund - Global, also known as the Norwegian Oil Fund, has opened a new tender for external managers to run a range of country-specific emerging markets mandates, as well as broader regional mandates.

The fund manager of the Norwegian Oil Fund, Norges Bank Investment Management (NBIM) is seeking fund managers to run equity funds focused on the following emerging countries like Thailand, China, South-Korea and India……..Full Article: Source

From Newsminer.com: The Board of Trustees of the Alaska Permanent Fund Corp. recently changed how it describes and categorizes investments. It now uses an allocation that groups assets based on risk characteristics rather than by the type of investment.
The underlying investments and their proportions haven’t changed significantly and are very similar to allocations from recent years, with a similar risk profile……..Full Article: Source

The ministry would take this decision due to pressures from Kuwaiti members of parliament who have objected to the deal on the grounds that KIA is a strategic investor that should support local companies’ shares and shouldn’t act as a speculator, the paper reports citing people familiar with the matter. …….Full Article (Subscription Required) : Source

From Maktoob.com: Kuwait Investment Authority (KIA) is selling its stake in Boubyan Bank in an auction on July 22 with a minimum price of 550 fils a share ($1.90), the Kuwait bourse said in a statement on Sunday.

KIA will sell a 19.8 percent stake in the Kuwaiti lender, representing 231 million shares in three tranches, of 77 million shares each, the statement added……..Full Article: Source

From Financierworldwide.com: The French government is preparing to sell up to 15 percent in its nuclear power generating unit, held by Areva, to sovereign wealth funds, in Middle East and Asia, particularly Mubadala, which is based in Abu Dhabi.
The move is part of plans to raise €2bn to fund its future development. Mitsubishi Heavy Industries, Areva’s partner in Japan, is the favourite to take the stake…….Full Article: Source

From Telegraph: Volkswagen has delivered Porsche an ultimatum to accept a tie-up between the two car makers in a deal that would be backed by the Qatar Investment Authority.
Porsche hit out at its rival yesterday after Volkswagen issued a June 29 deadline for the luxury car maker to agree to a merger plan……..Full Article: Source

From Dealcurry.com: Vijay Mallya has reached out to Abu Dhabi’s Al-Nahyan royal family, which controls a number of sovereign funds with an estimated value of more than $500 billion, for a possible investment in the debt-laden Kingfisher Airlines.
There are several Abu Dhabi government investment funds each having their own management teams and specific mandates……..Full Article: Source

From Gowealthy.com: Dubai’s leading real estate firm Nakheel will in all probability monitor Dubai World’s real estate activities.
A statement from Dubai World confirmed that the real estate development and property management activities of Dubai Maritime City, Leisurecorp and Dubai Multi-commodity Centre will be managed by Dubai’s leading real estate firm……..Full Article: Source

From WSJ: China’s central bank reiterated its call for the creation of a new international currency that could replace currencies such as the dollar in countries’ official reserves.

In its annual report on financial stability, issued Friday, the People’s Bank of China said the country will push reform of the international currency system to make it more diversified and reasonable……..Full Article (Subscription Required) : Source